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"Declare bankruptcy because they naively trusted this corporate vampire..."

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Quiznos, the corporation is not going bankrupt. Unfortunately, many of their franchisees HAVE had to declare bankruptcy because they naively trusted this corporate vampire, who was only out for their blood from the very beginning.

" complete your bankruptcy by coming to an agreement about liquidation or payments...."

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STEP ONE. Visit the bankruptcy court in your county. List all of your assets and liabilities and make a schedule of your total current expenditures and income, being careful to fully disclose all of bank accounts, from investment or trading accounts to your future retirement account.
STEP TWO. Provide the court with a copy of your tax returns for the last 2 or 3 years .
STEP THREE. Make an appointment with an authorized credit counselor, and keep the certificate of completion, which you must have in order to file for bankruptcy.
STEP FOUR. Carefully fill out all of the required bankruptcy forms you obtained from the court
STEP FIVE. Bring these legal forms to the U.S. Bankruptcy Court in your area and submit. Remember to bring funds pay for the filing fee, as well.
STEP SIX. Go home and wait for your 341 hearing notice, where you will meet with all of the creditors whom you owe money.
STEP SEVEN. Complete your bankruptcy by coming to an agreement about liquidation or payments.

"There are many options other than bankruptcy for getting out of debt..."

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There are many options other than bankruptcy for getting out of debt. And if you are not too far gone in debts, then you can consider one of this good bankruptcy alternatives. You can start a debt management plan, by first contacting your creditors and asking if you can work out a fair payment schedule that would give you more time to pay off your debts to them in an orderly fashion, while still ensuring that they will indeed get paid. You can contact a debt consolidation company, and approach them about consolidating your loans into one easy, low-interest payment. You`d be surprised just how much you could save if you tried to consolidate debt loans. Finally, a trustee can make a proposal to the court on your behalf to work out a plan to pay only a portion of you debts to the creditors, if you are not in debt more than 75,000.

"Going ahead and declare bankruptcy at the..."

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Before you declare yourself bankrupt, think long and hard about the ramifications of bankruptcy on your credit rating. For many years after filing for Chapter 7, you will have to buy everything in cash since no credit card company or store will give you a line of credit anymore. Think about the convenience of paying for things without cash. You will lose this. But maybe it is better for someone who cannot budget, since paying with plastic tends to cause people to spend more than they can afford. So, if you have thought this through, going ahead and declare bankruptcy at the local county court closest to where you live in Michigan.

"Bankruptcy court is nearest to your jurisdiction..."

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If you`re going bankrupt, there are many options available to you to make this transition a smooth one. For starters, find out which U.S. Bankruptcy court is nearest to your jurisdiction and head over there to get your bankruptcy petition and all the corresponding legal documents that you will need to fill out. Administrators at the court will then be able to direct you how to proceed with declaring yourself bankrupt, as well as, advise you of any alternatives to bankruptcy that may be appropriate for your financial situation.

"One where the corporate head office is not in it..."

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Quiznos is in business for themselves, not for their franchisees. They are an example of the worst kind of franchise to invest in, one where the corporate head office is not in it for the long term success of their brand, but only to make as much money as they possibly can in the shortest amount of time. It`s a shame what they have done to their store owners, who truly bought into the concept and believed in the product. The executives and their killer policies made it impossible for the franchisees to survive.

"The way to declare yourself bankrupt in michigan is the same way..."

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The way to declare yourself bankrupt in Michigan is the same way to declare bankruptcy anywhere from Ohio to New york to Texas and California! Well, the laws in each state might differ, but the idea is the same. Today you have to go to a pre-bankruptcy meeting to prove that your income doesn`t meet a certain level. Hire a bankruptcy attorney that will help you avoid pitfalls and minimize the impact on your financial future. Remember, after filing bankruptcy, it can stay on your record for 10 years.

"And which assets may be exempted from liquidation where in cali are you located..."

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There are many excellent bankruptcy attorneys in the state of California, all which can offer you legal advice on how to declare yourself bankrupt and which assets may be exempted from liquidation Where in Cali are you located exactly? Los Angeles? San Francisco? Orange County? Sacramento? There are top rated bankruptcy lawyers in each of these districts. Lawyers like Jonathan Stein and Mark J. Markus are all specialists in bankruptcy law and would be more than happy to help you navigate through the legal process.
Leon Bayer.

"The reason is that declaring bankruptcy is a red flag in..."

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Before you decide to go forward with bankruptcy proceedings, you need to understand that once you choose this option, you will have a hard time getting credit for up to 7 years. The reason is that declaring bankruptcy is a red flag in the eyes of banks, credit card companies and credit agencies. Your credit score will plummet and you will have to buy everything in cash for a number of years while you rebuild your credit. If you have no alternative, then do what you must.

"And it is not because of evil corporate greed or anything remotely close..."

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People who talk about things they know nothing about really should just keep quiet. Quiznos is a business just like every other business and there are all kinds of stores closing across the country. It is not limited to one brand and it is not because of evil corporate greed or anything remotely close. It is due to rapid expansion that could not be supported by our now horrible economy... plain and simple people!

Someone said: Have you ever been to their Franchisee, if not, please shut up. I did...and what most people say is truth. The system is corrupted. Corporate only cares about is how much they can make from struggled Franchaisees.

"Many franchisees going bankrupt is that the corporation that runs quiznos is the most..."

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The reason why so many Quiznos are going out of business is simple. It is not because they make a bad product or because their toasted subs are not in style anymore. Quite the contrary. Their subs are awesome. The truth behind so many franchisees going bankrupt is that the corporation that runs Quiznos is the most greedy and selfishly managed corporate culture in all of the franchise world.

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